Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
Japanese Yen/South African Rand (FOREX:JPYZAR)
Bull Market Weakness (+75) - JPYZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on JPYZAR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid JPYZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYZAR
The long-term trend has been UP since Aug 2nd, 2022 at 0.12704342
The intermediate-term trend has been UP since Nov 15th, 2022 at 0.12496785
The short-term trend has been DOWN since Mar 23rd, 2023 at 0.13801657
Smart Scan Analysis for JPYZAR
Based on our trend formula, JPYZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).